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Greenback continues to move lower after dovish Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro continues to move higher and approaches psychological 1.13 barrier, following yesterday’s post-Fed strong rally that generated strong bullish signal after leaving long bullish daily candle. The pair accelerated higher from strong support zone above 200SMA, where it found footstep. Break above former top at 1216 and extension above 1.1244 (Fibo 76.4% of 1.1374/1.0820 descend), is looking for full retracement of the downleg, as no significant barriers are seen en-route to 1.1374

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